Euro holds positive tone but faces strong headwinds at key Fibo barrier
The Euro remains at the front foot on Thursday and attacking again pivotal Fibo barrier at 1.0887 (38.2% of 1.1147/1.0727 descend) which repeatedly capped the action in past two weeks.
Wednesday’s long bullish candle after two consecutive…
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Oil price rises on fresh optimism but there is still a long way towards more significant recovery
WTI oil advanced around 9% during Wednesday’s Asian / European trading and extended bounce from Tuesday’s $10.05 spike low above $14 per barrel.
API crude stocks data released on Tuesday, showed smaller than expected build in crude…
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Bears probe again through key supports ahead of US GDP data / Fed
The pair hit new six-week low in European trading on Wednesday, remaining firmly in red after Tuesday’s marginal close below 106.92 former base but failure to close below cracked daily cloud base (106.70).
Fresh bearish extension today…
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Aussie rises to seven-week high on fresh risk sentiment
The Australian dollar hit the highest since 10 March on Wednesday, extending advance into sixth straight day, driven by fresh risk demand as global easing of coronavirus restrictions commenced.
Inflation in Australia rose to 2.2% in Q1,…
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